MCAN Mortgage Corp T.MKP

Payout day!

[JayBanks]

Just learned a good lesson...

MKP payed out its regular dividend and then the special .85 dividend they announced was paid out as shares. The wording was "Stock Dividend" I never picked up that ment we would get shares, I had big plans for how I was gonna spend the cash I thought I was getting lol.

Done anyone on here know if these new shares given out are dilutive or if the company purchased them from the market to give to shareholders? I expect it's dilutive, but just want further understanding for the future...

This stock has made me have a few adventure that I've had to learn an understanding of terms and processes from, all relatively good things tho.

[Bibizbuz]

LOL - Yes, I didn't pick up on that either. I am with TD and I see the regular dividend, but I don't see that transaction for the stock dividend. Perhaps it will show up tomorrow. I was expecting cash as well. Thanks for your post!

[KC8]

  Mr. Banks - Congratulations of your new found wealth.  This is a company that literally flies under the radar.  A low number of shares outstanding makes it less appealing to funds. The vast majority of investors do not realize that this company exists.  Hence you are the beneficiary via the dividend and stock appreciation. I wish you well going forward sir!  ps - I

[JayBanks]

Thank you good sir, but only 56 shares is new to me lol I've held 1149 shares for over 7 years... my dividend yeild is currently about 11.5% with the new shares lowering my cost basis, and I've now well over doubled my money on this stock.   I'm very pleased with this investment... In the next year or so I could see a minor dividend hike as we normalize beyond the pandemic. I

[KC8]

Mr. Banks - Thank you for your well written lengthy reply.  Much appreciated sir!  A tip of the cap to you on your success with this stock. In response to your question? - are the shares issued dilutive?  Off the top of my head I would say yes. Makes little sense to use cash to purchase shares that ultimately go shareholders of the company.   Best of luck to you going